Question

When production is 3000, marginal revenue is 7 dollars per unit and marginal cost is 5 dollars per unit. Do you expect maximum profit to occur at a production level above or below 3000? (Enter above or below.)

If production is increased by 30 units, what would you estimate the change in profit would be?
≈ dollars
Ms. Sue
Please heed this advice before you post.

<b>Homework Posting Tips

Please show your work. <u>Tutors will not do your homework for you.</u> Please show your work for any question that you are posting.</b>

Related Questions

When production is 1700, marginal revenue is 8 dollars per unit and marginal cost is 6.75 dollars pe... When a firm is producing at the level of output that maximizes profit, which of the following true?... 38 of 4038 of 40 Items Question Which term explains the additional benefit experience... When a firm is producing at the level of output that maximizes profit, which of the following is tru...